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October 25, 2010

Misys, Microsoft extend financial services apps to Cloud on Windows Azure Platform

Banks can now move to technology based model from capital intensive cost model

By CBR Staff Writer

Misys, an application software and services company, has formed a new strategic alliance with Microsoft to deliver the former’s banking and capital markets applications via the Windows Azure cloud platform.

Misys said cloud computing, and specifically Windows Azure, enables banks to move from a capital intensive cost model to one which is based on the consumption of technology.

The scale of the Azure platform allows high volume workloads such as end-of-day processing to be consumed on demand.

The company said that its offering is built on BankFusion technology, which makes it possible to run the offering in the cloud.

Misys EVP and general manager Al-Noor Ramji said by making their offerings available in the cloud, they are enabling their clients to benefit from increased agility with lower TCO and risk, while simultaneously providing them with unprecedented speed and flexibility with access to the latest solutions.

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